?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.

1.1%

Fund size

£74m (£37m last year)

FE Risk score

?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

0.87

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

0.97

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

0.39

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

5.36

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

1.69

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

0.42

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

0.9

Price movement

52 week high201.2

52 week low174.4

Current bid price-

Current offer price-

Current mid price197.5

Region

1

Not Specified

49.37%

2

UK

15.11%

3

Americas

11.09%

4

Money Market

6.61%

5

Europe ex UK

6.34%

6

International

4.05%

7

Japan

3.1%

8

Asia Pacific ex Japan

2.39%

9

Global Emerging Markets

1.94%

Industry sector

No data available.

Asset type

1

Global Fixed Interest

24.54%

2

UK Equities

15.11%

3

Global Corporate Fixed Interest

14.57%

4

American Equity

11.09%

5

Alternative Assets

10.26%

6

Money Market

6.61%

7

Europe ex UK Equities

6.34%

8

International Equities

4.05%

9

Japanese Equities

3.1%

Individual holdings

1

SVS CH INVEST GR FIX INT-INC

5.4%

2

FIDELITY STRATEGIC BOND Y GRS ACC

4.9%

3

LYXOR FTSE ACTUARIES UK GILTS (DR) UCITS ETF GBP

4.73%

4

KAMES INVESTMENT GRADE BOND B INC

4.72%

5

ISHARES GBP CORP BOND 0-5YR

4.52%

6

KAMES STRATEGIC BOND B INC

4.18%

7

PFS 24 INV L GROS INC GBP

4.18%

8

JPM US EQUITY INCOME-C-INC

3.83%

9

NOMURA GLOBAL DYNAMIC BOND FUND

3.65%

Management

Fund manager group

Close Brothers AM

Fund manager company

Close Brothers AM

Fund type

Unit Trust

Fund objective

The investment objective of the Close Managed Conservative Fund is to achieve income and moderate capital growth.

Benchmark

IA Mixed Investment 20%-60% Shares

Investment style

Cautious,Growth

Investment method

None

Fund managers

Name

Since

Biography

Matthew Stanesby

01/11/2014

Matthew joined Close Brothers in 2007 and heads up the Manager Research team which is responsible for the research, selection and monitoring of fund managers. He is also a portfolio manager for our Managed and Tactical Select range of multi-asset funds. Matthew started his career in the actuarial and investment consulting world and worked within the life insurance, pensions and investment teams at Mercer and Aon. He graduated from Nottingham University with a First Class Honours Degree in Mathematics with Engineering.

James Davies

01/11/2014

James is an investment manager and senior fund research specialist working within the Managed and Manager Research teams. He is co-manager of the Close Managed funds, and sits on the Multi Asset Committee. James began his investment career with Chartwell Group in 2003. From 2006 he headed up the firm’s fund research and in 2009 began managing their discretionary investment portfolios. In 2010 Chartwell was wholly acquired by Close Brothers Plc. James holds a BScEcon (Hons) in International Relations from Aberystwyth University.

Sam Grant-Dalton

01/11/2014

Having joined Close Brothers in 2010, Sam manages discretionary portfolios and is co-manager of the Close Managed funds. Sam sits on the Multi Asset Committee, setting asset allocation across asset classes and is a key member of the Manager Research Committee. Sam holds a BSc with Hons from the University of Bristol and a Masters from Imperial College Business School. He also holds the Investment Management Certificate.

Compliance

IA Recognised, UCITS V Compliant

Domicile

No data available.

Fund for sale in

United Kingdom

Close Managed Conservative A Acc

Initial charge5%

Annual charge1.1%

Min single investment£1,000

Min regular saving£250

Available in ISAYes

Ongoing charge (OCF)1.91%

Total expense ratio (TER)1.79%

Bid price-

Offer price-

Mid price207.1

CurrencyGBX

Price updated08/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi code0GVH

Close Managed Conservative A Inc

Initial charge5%

Annual charge1.1%

Min single investment£1,000

Min regular saving£250

Available in ISAYes

Ongoing charge (OCF)1.91%

Total expense ratio (TER)1.79%

Bid price-

Offer price-

Mid price196.9

CurrencyGBX

Price updated08/12/2016

TypeIncome

Institutional or retail classRetail

Domicile-

Citi code0GVI

Close Managed Conservative X Acc

Initial charge-

Annual charge0.45%

Min single investment£1,000

Min regular saving£250

Available in ISAYes

Ongoing charge (OCF)1.1%

Total expense ratio (TER)0.99%

Bid price-

Offer price-

Mid price197.5

CurrencyGBX

Price updated08/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi codeGOXJ

Close Managed Conservative X Inc

Initial charge-

Annual charge0.45%

Min single investment£1,000

Min regular saving£250

Available in ISAYes

Ongoing charge (OCF)1.1%

Total expense ratio (TER)0.99%

Bid price-

Offer price-

Mid price184.8

CurrencyGBX

Price updated08/12/2016

TypeIncome

Institutional or retail classRetail

Domicile-

Citi codeGOXI

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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